Feb 13, 2013 6:00am EST
>>> good morning. in the state of the union, president obama presses congress on issues including taxes, entitlements, immigration, and gun control. >>> market milestones. the dow turning in its highest close of the year. announcing 1% of an all-time record. >>> and in corporate news, comcast is buying the rest of nbcuniversal from general election for $16.7 billion. it's wednesday, february 13, 2013. "squawk box" begins right now. >>> good morning, everyone, welcome to "squawk box" on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we are following major stories. after yesterday's close on wall street, u.s. equity futures this morning, well, you see they are fight a little bit higher. -- they are fight a little bit higher. after gains yesterday, the dow up more than 45 points yesterday. our guest host is westwood capital's len bloom. the next hour, famed investor and billionaire real estate tycoon, sam zell. top-ranked money manager don yakman. his fund have seen annual returns of 10% over the last five years. we'll also talk about how business leaders and inv
Feb 7, 2013 6:00am EST
, a week from now, president obama is going to do his state of the union address, okay? typically the market doesn't respond well when the president talks. then we're going to start to get into some of the nitty-gritty, some of the spending issues. that would be a perfect opportunity for the market to give half of that back. so we've had a 6% rally. why not, you know, reclaim three of that percent over the course of the next few weeks. >> do you feel like we're acting a bit bullish with regard to the markets? i get the feeling it's more buying from kaufton as opposed to selling at this point, right? >> i think that's right. first of all, you've approached a couple of psychological hurdles on the dow and the s&p. we've seen what earnings season is going to give us. we're approaching the sequester cuts on march 1st and there is an increasing belief that they're going to be triggered. and so when you add on to that the fact that payroll taxes went up and the economy is going to be pretty sluggish here in the first half of the year. so i agree with phil that we're probably going to gi
Feb 20, 2013 6:00am EST
at 400 and above, they're part of the economy. they're getting whacked with the obama care and the deal that was arrived at. all of these things -- >> austerity is ugly. getting there. >> so is oil -- oil's not supposed to go up when the economy's slowing. >> you have the central banks that are printing money. >> you do. >> it's got to go up. >> think about what would happen if they weren't. and in -- all bets off on what happens with the ten year now, too. if we're in a slowing environment. gold suddenliy -- we're immediately going back to 2.75 or 3%. and the dollar's been something to behold in terms of the yen. you don't see that often. and especially when it's telegraphed by --not the guy with the hair, the guy named after lincoln, right? abe. >> abe? >> is it abe? >> or abe. >> i know it. lincoln is hot. >> abe to me. >> lincoln is hot. >> you think it's going to win? >> there's a movie every day. there's that and the o'reillys killing lincoln and "lincoln: the vampire hunter." >> i read the book. >> but? >> i did. >> you had that much time? >> i office a plane. i tried on a plane.
Feb 19, 2013 6:00am EST
show, he's come on "morning joe," "new york times," "financial times," but the obama administration, which effectively kicked him out of that job, if you remember, and said, you know, has really reembraced him. they had him out campaigning in the fall. he was at biden's big party in december, he was at hillary clinton's house, you saw just last month. no, i wasn't there. i thought it was a story about power and the return to power, and in a city where people drop people at a whiff of trouble -- >> the mayor never dropped him. >> i think many of his friends never dropped him. i thought it was an interesting sort of look at both steve and new york. >> what he was accused of, what we're talking about here, i'm shocked. that louis renault at its best, isn't it? like that was never done before? >> it was done, by the way, not just done for his case, but carlisle and about nine other -- >> don't show langone. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there?
Feb 11, 2013 6:00am EST
resumed. boston 4i9 with two feet with snow. the governor ordering schools to remain closed. the obama administration declaring a state of emergency in connecticut which will help them get federal moneys for the cleanup. they saw record snow, over three feet. schools there also remaining closed today. we've got some updated outage numbers. some of the figures we had from the weather an hour ago, particularly in rhode island, significantly underreported. here are the new numbers that we have. only 135,000 customers still without power across the northeast. majority in massachusetts, over 110,000. that's down from about 400,000. so they've worked really quickly there. in rhode island the number is now 20,000 down from peak of around 70,000 over the weekend. close to 1400 still in the new york area. and over 200 in connecticut. but that connecticut number might also be higher. the numbers well below hurricane sandy overall. ford's head of u.s. sales says the auto dealer doesn't see any major impacts like they saw during sandy due to the snowstorm. during sandy they lost nearly 200,000 car